{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-139585","form_type":"8-K","ticker":null,"cik":"0000077281","company_name":"PENNSYLVANIA REAL ESTATE INVESTMENT TRUST","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.204088+00:00","generated_at":"2026-06-15T07:28:50.588676+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PREIT concludes Q1 2022 cash flow statement unreliable due to misclassification; restatement pending.","bullets":["Non-reliance on unaudited statement of cash flows for three months ended March 31, 2022.","Error: misclassification of beneficial shares issued as settlement of compensation liabilities.","Restatement to be reflected in Q1 2023 Form 10-Q; no other periods or financial statements impacted.","Company will not amend any other previously filed reports as a result of this matter.","Management and audit committee discussed findings with independent auditor BDO USA LLP."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-139585","json":"https://secwatch.observer/filing/0001193125-23-139585.json","markdown":"https://secwatch.observer/filing/0001193125-23-139585.md","text":"https://secwatch.observer/filing/0001193125-23-139585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/77281/000119312523139585/0001193125-23-139585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/77281/000119312523139585/d423362d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:28:50.588676+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d75dcc2db2ee925e7f8c1e8bade54e7a740f983","claim":"PENNSYLVANIA REAL ESTATE INVESTMENT TRUST reported that prior financial statements should not be relied upon.","evidence_excerpt":"On May 4, 2023, management and the chair of the audit committee of the Board of Trustees of Pennsylvania Real Estate Investment Trust (the “Trust”), in consultation with BDO USA LLP (“BDO”), the Trust’s independent registered public accounting firm, concluded that the Trust’s previously issued unaudited statement of cash flows for the three months ended March 31, 2022, as filed in the Trust’s Quarterly Report on Form 10-Q filed on May 6, 2022 (the “Specified Financial Statement”), and included in any reports, presentations or similar communications of the Trust’s financial results, should no longer be relied upon due to a misclassification error within the statement of cash flows related to the inappropriate presentation of beneficial shares issued as settlement of certain compensation liabilities, and therefore a restatement of this Specified Financial Statement is required","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/77281/000119312523139585/0001193125-23-139585-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}